November 27, 2009
To All Concerned Parties
Issuer of Real Estate Investment Trust Securities
1-1, Nihonbashi-Muromachi 2-chome, Chuo-ku, Tokyo 103-0022
Nippon Accommodations Fund Inc.
Representative Executive Director Nobuyuki Nakai(Code number 3226)
Investment Trust Management Company
Mitsui Fudosan Accommodations Fund Management Co., Ltd.
Representative President and CEO Nobuyuki Nakai
Contact CFO and Director Morio Shibata(TEL 03-3246-3677)

Notification Concerning the Decision on the Number of Units to be Issued
with Regard to Issuance of New Investment Units by Third-Party AllocationNippon Accommodations Fund Inc. (“NAF”) hereby provides notice that, concerning the issuance of new
investment units by third-party allocation decided upon with the issuance of new investment units by public offeringand the secondary offering of investment units by overallotment by resolution at the Board of Directors’ Meeting
held on October 16, 2009 and October 27, 2009, notification was received today from the allottee regarding thesubscription for a portion of investment units planned to be issued.
(1) Number of new investment units to be issued

698 units(Number of investment units planned to be issued(2) Total amount to be paid in (issue value)

3,000 units)¥ 328,975,078(Per unit ¥ 471,311)(3) Subscription period (subscription date)(4) Payment date(5) Allottee

November 30, 2009 (Mon)
December 1, 2009 (Tue)
Nomura Securities Co., Ltd.

<Reference>
1. This issuance of new investment units by third-party allocation was decided upon with the issuance of new
investment units by public offering and the secondary offering of investment units by overallotment byresolution at the Board of Directors’ Meeting held on October 16, 2009 and October 27, 2009.
For details on the third-party allocation, please refer to “Notification Concerning Issuance of New
Investment Units and Secondary Offering of Investment Units” released on October 16, 2009 and“Notification Concerning the Decision on Prices etc. with Regard to Issuance of New Investment Units andSecondary Offering of Investment Units” released on October 27, 2009.

<Caution> This document is a press release intended for general publication regarding NAF’s issuance of new investment units by
third-party allocation and is not whatsoever for purposes of soliciting investment or the like.

2. Change in the total number of issued investment units by this issuance by third-party allocation
Total number of issued investment units at present
Increase in number of investment units by this issuanceTotal number of issued investment units after third-party allocation

155,480 units
698 units
156,178 units

3. Use of procured funds by this issuance by third-party allocation
The net balance for this third-party allocation (¥328,975,078) shall be allocated for the acquisition ofspecified properties to be purchased by NAF in and after December 2009 (as mentioned in “NotificationConcerning Acquisition of Domestic Real Estate Properties” released on October 16, 2009).

•The Japanese original document was distributed to press clubs within the Tokyo Stock Exchange(Kabuto Club) and the Ministry of Land, Infrastructure and Transport, and to the press club of theconstruction trade newspaper of the Ministry of Land, Infrastructure and Transport.

•NAF website: http://www.naf-r.jp

Please note that this English translation of the Japanese original document is provided solely for information
purposes. In the event of any discrepancy between the Japanese original and this English translation, theJapanese original shall prevail.

<Caution> This document is a press release intended for general publication regarding NAF’s issuance of new investment units by
third-party allocation and is not whatsoever for purposes of soliciting investment or the like.